Franco-Nevada Co. (NYSE:FNV) Position Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its holdings in Franco-Nevada Co. (NYSE:FNVGet Rating) (TSE:FNV) by 2.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 22,655 shares of the basic materials company’s stock after selling 541 shares during the quarter. Achmea Investment Management B.V.’s holdings in Franco-Nevada were worth $3,608,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Prospera Financial Services Inc acquired a new position in Franco-Nevada during the 1st quarter valued at about $42,000. Rational Advisors LLC grew its stake in shares of Franco-Nevada by 60.6% in the 1st quarter. Rational Advisors LLC now owns 273 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Franco-Nevada in the 1st quarter worth approximately $47,000. BerganKDV Wealth Management LLC grew its stake in shares of Franco-Nevada by 105.6% in the 1st quarter. BerganKDV Wealth Management LLC now owns 370 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 190 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of Franco-Nevada in the 1st quarter worth approximately $75,000. 66.64% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Up 1.8 %

NYSE FNV opened at $125.97 on Monday. The stock has a market capitalization of $24.12 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 8.75 and a beta of 0.64. The company has a 50 day moving average price of $127.81 and a two-hundred day moving average price of $142.30. Franco-Nevada Co. has a 12-month low of $117.39 and a 12-month high of $169.32.

Franco-Nevada (NYSE:FNVGet Rating) (TSE:FNV) last posted its earnings results on Wednesday, August 10th. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $352.30 million during the quarter, compared to analysts’ expectations of $348.83 million. Franco-Nevada had a net margin of 57.33% and a return on equity of 11.57%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, equities analysts anticipate that Franco-Nevada Co. will post 3.6 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, September 14th. Franco-Nevada’s dividend payout ratio (DPR) is presently 32.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James decreased their target price on shares of Franco-Nevada from $176.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, August 12th. National Bank Financial decreased their target price on shares of Franco-Nevada from C$225.00 to C$205.00 in a report on Thursday, July 21st. Stifel Nicolaus upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, July 20th. KeyCorp decreased their target price on shares of Franco-Nevada from $180.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Finally, Barclays cut shares of Franco-Nevada from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $130.00 to $112.00 in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.38.

About Franco-Nevada

(Get Rating)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

See Also

Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.